German parliament’s upper house gives final approval to huge defense and borrowing package

German Parliament Gives Final Approval to Pave Way for Huge Defense and Borrowing

The German Parliament has given its final approval to pave the way for a huge increase in defense and infrastructure borrowing.  On March 21, final plans were approved in a move seen as clearing the last hurdle so that the fiscally conservative country can amend strict constitutionally enshrined rules and borrow beyond normal debt limits. Germany’s outgoing parliament approved legislation on March 18, but it had to go to the Bundesrat, the uppe…

German parliament agrees to massive military spending, with the votes of the Left Party

With their votes agreeing to a one-billion euro rearmament package, the class character of the Left Party is clearly exposed. Both federal states in which they are in government, voted in the Bundesrat (upper house of parliament) for the gigantic military spending.

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Germany's historic spending plan has passed - so what is the money going to be spent on?

Germany’s military, previously described as ‘neglected’, is set for new era following the approval of the historic spending plan.

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